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HomeMy WebLinkAbout94-105 - ResolutionsRESOLUTIONNO. 94-105 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAM0~, CALIFORNIA, APPROVING THE I~F[.~ASE OF A PORTION OF FUNDS DEPOSITED BY ~HE WII.~IAM LYON OC~PANY FOR PAYM~Ff OF SOUTHERN PACIFIC RAILWAY I~5~[7v]~fS AT THE ROCHESTER CROSSING WHEREAS, Agreement O0 90-139 approved at the City Council meeting of October 3, 1990, by Resolution 90-382 by and between the City and TneWilliam Lyon Company; and WHEREAS, said agreement provided $146,354.00 for improvements by Southern PacificTransportationCompany; and WHEREAS, said improvements have been completed and accepted; and WHEREAS; final invoices have been received from Southern Pacific Railroad andMetrolink. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO ~, HEREBY RESOLVESthat a portion of excess funds in the amount of $34,000.00may be releasedto~ne William LyonCcmpany. PASSED, APPROVSD, and ADOPTt]Dthis lstday of June, 1994. Alexander, Buquet, Gutierrez, Williams AYES: NOES: None ABSENT: Stout Charles J. Buquet Mayor Pro Tern Debra J. Adams, City Clerk Resolution No. 94-105 Page 2 I, D~R~AJ. ADAMS, CITY CLk~K of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held on the lstday of June, 1994. Executed this 2nd day of June, 1994, at Rancho Cucamonga, California. ~a J. Adams, City Clerk